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Junshi Biosciences Announces 2021 Interim Financial Results and Provides Corporate Updates

SHANGHAI, China, Aug. 31 (Korea Bizwire) — Junshi Biosciences (HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced its financial results for the six months ended June 30, 2021 and provided corporate updates. First Half 2021 Financial Highlights Total revenue reached RMB 2,114 million [...]

CORRECTION – Zoom Reports Financial Results for the Second Quarter of Fiscal Year 2022

SAN JOSE, Calif., Aug. 30 (Korea Bizwire) — Zoom Video Communications, Inc. (NASDAQ: ZM) is updating this press release to include the “Amortization on marketable securities” line item in its condensed consolidated statements of cash flows. Complete corrected text follows. Zoom Video Communications, Inc. (NASDAQ: ZM) today announced financial results for the second fiscal quarter [...]

Listed Firms’ H1 Earnings More than Triple amid Global Economic Recovery

SEOUL, Aug. 19 (Korea Bizwire) — South Korea’s listed companies saw their earnings more than triple in the first half of 2021 from a year earlier as the global economic recovery from the pandemic steeply increased their sales, data showed Thursday. The combined net profit of 587 out of 664 firms, which are listed on [...]

Major Firms Fare Well in H1 Despite Pandemic

SEOUL, Aug. 18 (Korea Bizwire) — Sales by major companies in South Korea rose nearly 10 percent in the first half of the year in spite of the coronavirus pandemic with their total operating profit more than doubling, a corporate tracker said Wednesday. Combined sales of 225 out of the country’s top 500 firms came [...]

Asiana Q2 Net Jumps 22 pct on Cargo Demand

SEOUL, Aug. 17 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-largest carrier, said Tuesday its second-quarter net profit jumped 22 percent from a year earlier on strong cargo demand amid an extended COVID-19 pandemic. For the three months ended in June, net profit rose to 60.8 billion won (US$52 million) from 50 billion won [...]

KakaoBank’s Q2 Net Soars on Accelerated Loan Growth

SEOUL, Aug. 17 (Korea Bizwire) — KakaoBank Corp., a major South Korean digital-only bank, said Tuesday its net profit more than doubled in the second quarter from a year earlier, reporting robust earnings after it went public earlier this month. Net profit stood at 69.29 billion won (US$58.85 million) in the April-June period, compared with [...]

SsangYong Motor’s Losses Narrow in H1 on Self-help Measures

SEOUL, Aug. 17 (Korea Bizwire) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Tuesday its first-half net losses narrowed from a year earlier on self-rescue measures. From January to June, SsangYong Motor’s net losses fell to 180.53 billion won (US$154 million) from a net loss of 202.38 [...]

Refiners Make Big Turnaround in H1 on Robust Petrochem Biz

SEOUL, Aug. 17 (Korea Bizwire) — Major Korean refiners posted strong earnings in the first half of the year thanks to solid petrochemical businesses, swinging from the pandemic-driven losses a year earlier, industry data showed Tuesday. Four refiners — SK Innovation Co., GS Caltex Corp., S-Oil Corp. and Hyundai Oil Bank Corp. — logged a [...]

Major Foreign Companies in S. Korea See Sales Rise Sharply Despite Pandemic

SEOUL, Aug. 17 (Korea Bizwire) — Major foreign companies in South Korea achieved robust results last year despite the COVID-19 pandemic, a corporate tracker said. CEO Score analyzed the financial results of the top 50 companies by revenue among the foreign limited liability companies that submitted audit reports. The combined revenue of the top 50 [...]

POSCO Sees Non-Steel Profits Jump in Q2

SEOUL, Aug. 17 (Korea Bizwire) — An analysis showed that the primary factor behind South Korean steel giant POSCO’s record-high second quarter results was the surge in its non-steel profits along with the recovery of its main steel business. POSCO Chairman Choi Jeong-woo, who took office in July 2018, is assessed as having succeeded in [...]